XCNUSDT Perpetual Contract
Short
Updated

Xcn short -9% dump

172
Just opened a short trade on xcn. Targeting 0.016744

Roughly 4+RR

Trend trade.

Daily is correcting
4hr and 1hr already flipped bearish.
Market not at strong support where enough demand is likely to come back in to make new Daily HL
-DTT
Note
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Scaled into xcn short...dropping
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Closed xcn at Be
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Closed xcn at BE area earlier as it looked like market might spike through but got rejected from the area and fell back below some key levels. While its not fully confirmed yet I saw multiple confluences that suggest more downside and re-entered a while ago.

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xcn stop adjusted to 0.01826 to account for potential wick spike
Trade closed: target reached
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Closed out xcn

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